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tmoptions

Thoughts?

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Hello Gurus,

 

I bought 10 SPY PUT contracts of Oct 14 (expiring in 8 days) for $1.48 yesterday. The market moved the opposite direction and I've been in the red since :( down 650+) :(

 

Any suggestions/thoughts on how to minimize the incurred loss at this point?

 

-TIA

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